Economy
Japan Inc set to offer bumper pay hikes, paving way for BOJ stimulus exit By Reuters
By Tetsushi Kajimoto TOKYO (Reuters) - Big Japanese companies look set to formally offer hefty pay hikes at annual wage talks with unions that wrap…
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Italy hikes 2023 debt issuance as public finances creak
By Sara Rossi and Valentina Consiglio MILAN/ROME (Reuters) -Italy on Friday increased its estimate for debt issuance this year due…
Italy plans 21-billion euro asset sell-off to keep debt in check
By Giuseppe Fonte ROME (Reuters) - Italy aims to raise at least 1% of gross domestic product (GDP), or roughly…
Detroit casino workers approve strike authorization at three casinos
(Reuters) -Workers at three Detroit casinos have voted in favor of authorizing a strike, if necessary, the United Auto Workers…
Biden calls on Republicans to ‘keep their word about support for Ukraine’
President Joe Biden, speaking at the White House on Sunday some 12 hours after signing stopgap legislation to avert a…
US appeals court blocks venture capital fund’s grant program for Black women
By Nate Raymond (Reuters) -A federal appeals court on Saturday blocked a venture capital fund from moving forward with a…
California governor vetoes bill offering unemployment pay to strikers
(Reuters) - California Governor Gavin Newsom on Saturday vetoed a bill that would have paid unemployment benefits to striking workers,…
‘So be it,’ says embattled House speaker McCarthy as Republican rebel Gaetz vows ouster vote
Rep. Matt Gaetz said Sunday he will try to remove House Speaker Kevin McCarthy, a fellow Republican, from his leadership position this…
US near-miss with government shutdown illustrates Washington dysfunction
By David Morgan WASHINGTON (Reuters) - The U.S. narrowly dodged its fourth partial government shutdown in a decade on Sunday,…
US Congress averts government shutdown, passing stopgap bill
By David Morgan, Moira Warburton and Makini Brice WASHINGTON (Reuters) -The U.S. Congress passed a stopgap funding bill late on…
Credit Suisse, Mozambique secure out-of-court ‘tuna bond’ settlement
By Noele Illien and Kirstin Ridley ZURICH (Reuters) -Credit Suisse has reached an 11th-hour out-of-court settlement with Mozambique over the…
Citigroup has ‘no room for bystanders’ in reorganization, CEO says
By Tatiana Bautzer NEW YORK (Reuters) - Citigroup (NYSE:) CEO Jane Fraser said on Friday that top employees were on…
Retail investors flock to bond ETFs in third quarter as prices slide
By Bansari Mayur Kamdar (Reuters) - Investors continued piling into exchange-traded funds (ETFs) that track U.S. government debt in the…
BlackRock’s bond chief criticizes Fed’s anti-inflation measures
Rick Rieder, the bond chief at BlackRock (NYSE:), has voiced concerns over the Federal Reserve's ongoing anti-inflation measures. Rieder, in…
Rising gasoline prices and interest payments impact U.S. consumer spending
The growing burden of rising gasoline prices and higher interest payments are impacting American consumer spending, with the share of…
US dollar share of global FX reserves stays flat in Q2 -IMF
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar's share of global currency reserves reported to the International Monetary Fund…
Fed’s Williams says central bank may be done with rate rises
By Michael S. Derby NEW YORK (Reuters) - Federal Reserve Bank of New York President John Williams said Friday the…
US government shutdown would ‘undermine’ US economic progress, Yellen says
By David Lawder WASHINGTON (Reuters) -A government shutdown that could start this weekend would "undermine" U.S. economic progress by idling…
Fed’s Rate Hike Warning Rattles Wall Street, Tech and Crypto Sectors Face Uncertainty
The Wall Street rally that persisted for the first seven months of 2023 has taken a hit in August and…